Did haggerty value go up again?

[jwasbury]

Originally Posted by Tug68

Just had my 87 appraised last month by an appraiser that is used by my insurance co. A few here know my car and the shape it is in. All original paint(paint metered by appraiser) all performance bolt on's and a g50 trans. When all said and done it came back at $90k from the appraiser.

Your car is exceptionally clean and looks new. I'd put it at the top of the chart, but then what do I know? Perhaps the mods hold the appraisal down? For sure modded 930s represent the best "value" in the market today. If I were shopping for a 930, I'd buy a modded car. I'd never pay up for a stocker, but then I don't "invest" in or "collect" cars...I like to drive them a lot and hard.

What you all may find interesting is that the valuation conversation seems to permeate almost all Porsches these days. I'm visiting the 997 turbo forum on RL these days (more active then Pelican on those models) and it seems like a large number of threads discuss value, 997.1 turbos as future collectibles due to being the last of the mezger engined, and manual trans turbos, etc.

Probably the safest haven from this mindset is to be among brand new 991 Porsche buyers who plan on extracting value from their cars through driving experiences. Unless it's a "special" model, I can't imagine anyone rolling off the lot in their new 130k 911 thinking that it's going to do anything but depreciate...so they drive them all the time, confident that when it comes time to sell the car will be worth substantially less than they paid for it.

[gumba]

There's a '86 turbo on BAT worth watching. Has a few mods.

[Tug68]

Originally Posted by jwasbury

Your car is exceptionally clean and looks new. I'd put it at the top of the chart, but then what do I know? Perhaps the mods hold the appraisal down? For sure modded 930s represent the best "value" in the market today. If I were shopping for a 930, I'd buy a modded car. I'd never pay up for a stocker, but then I don't "invest" in or "collect" cars...I like to drive them a lot and hard.

What you all may find interesting is that the valuation conversation seems to permeate almost all Porsches these days. I'm visiting the 997 turbo forum on RL these days (more active then Pelican on those models) and it seems like a large number of threads discuss value, 997.1 turbos as future collectibles due to being the last of the mezger engined, and manual trans turbos, etc.

Probably the safest haven from this mindset is to be among brand new 991 Porsche buyers who plan on extracting value from their cars through driving experiences. Unless it's a "special" model, I can't imagine anyone rolling off the lot in their new 130k 911 thinking that it's going to do anything but depreciate...so they drive them all the time, confident that when it comes time to sell the car will be worth substantially less than they paid for it.

Thanks I thought the same. But it is what it is. They are the "experts" I'm not sellin so it doesn't matter the only thing I wanted it for is if something happened to mine I would have enough $ to replace it if necessary.

[Ronnie's.930]

Originally Posted by cal007

Careful about values from Hagerty.
In you read the condition they refer to, there will be hardly any "1" in the market, even a "2" will be hard to find, some "3" may be around (they would be a "1" with the German condition descriptions) and a "4" would mostly be a driver ( but a good one). That is hier the Hagerty condition description appear to me.
Taking this into account, the prices become a bit more realistic.

I agree with your explanation about the value categories, but no matter how you look at it, the Hagerty values are not even close to realistic.

[unclebilly]

And then the McQueen 76 930 got $2M at auction...

[Noah930]

A (small) problem with these crazy valuations is that now everytime I drive the car, some shady looking guy is trying to buy the it. Often while we're in traffic.

[slyguy]

Originally Posted by Noah930

A (small) problem with these crazy valuations is that now everytime I drive the car, some shady looking guy is trying to buy the it. Often while we're in traffic.

zork tube solves this problem

[Les Paul]

This happened to a lesser extent in the late 80's. 930's that had been low 20's were going for mid to high 40's. Same with 325 F cars. One could pick them up mid to low 20's all day long. And the poof it was over. Only in the last couple years has it gotten weird again. I do know about a month ago we had 12 tornadoes touch down in our county. Three at one time. As my wife and I were crawling under our pier and beam floor for the first time in 20 years I was telling my wife I should have paid for Hagerty insurance for the P-cars. It was that sketchy.

Actually I look at this bubble as amusing. I'm not selling unless some dumb ass hands me 250k which probably will never happen��

[Ronnie's.930]

Originally Posted by unclebilly

And then the McQueen 76 930 got $2M at auction...

That's simply because someone wanted a Turbo that McQueen had rubbed his buttcheeks all over and doesn't indicate much of anything about the market values of these cars.

[zakira]

Originally Posted by Ronnie's.930

That's simply because someone wanted a Turbo that McQueen had rubbed his buttcheeks all over and doesn't indicate much of anything about the market values of these cars.

I think it still does. Steve's Buick or other lesser cars sure didn't bring that kind of money. 930 did pull the weight of its own.

[Ferraripete]

not unlike steve's lusso bringing $1.4MM when the market for a "run of the mill" lusso was $550k.

mike regalia knew what he was doing when he bought steve's 930 for what many thought was stupid money a few years back. the 930 still stands tall in the market place whether it was icon owned or just a great "run of the mill" example. just an observation guys.

[ficke]

I went to the Hagerty valuation site, it is new and has some significant changes.
The new site has a very disconcerting tool, an ability to transpose gold or the DJIA, etc., over your car value graph!
This is truly a sign to me that the wrong crowd or reasons are also buying these cars.
End users and what they will pay are the true value of a car and the rest are speculators that will dump them as soon as the 'wind of economics' shift.
So yeah, I expect some changes in the classic car market when the investors get out and move to something different.

[bpu699]

Originally Posted by ficke

I went to the Hagerty valuation site, it is new and has some significant changes.
The new site has a very disconcerting tool, an ability to transpose gold or the DJIA, etc., over your car value graph!
This is truly a sign to me that the wrong crowd or reasons are also buying these cars.
End users and what they will pay are the true value of a car and the rest are speculators that will dump them as soon as the 'wind of economics' shift.
So yeah, I expect some changes in the classic car market when the investors get out and move to something different.

Didn't see that...

Perhaps thats why the info is so inflated...

930's at $300k is a bubble... At $100k, it probably about where it should be...

When these cars were $30k, that was just stupid...

[cover]

Originally Posted by bpu699

930's at $300k is a bubble... At $100k, it probably about where it should be...

According to what?

[timc]

Wrong forum??? :-).....I hate seeing these threads....I just want to drive mine and forget about the values.

[pkabush]

Originally Posted by timc

Wrong forum??? :-).....I hate seeing these threads....I just want to drive mine and forget about the values.

I agree 100%. Totally nauseating.

[cover]

Originally Posted by pkabush

I agree 100%. Totally nauseating.

Then read another thread which better suits your preferences.

The rising popularity, -public awareness and following gain in market value is the definitively most significant thing about the 930 at the moment..........IMHO of course.

It would be a strange "Porsche 911 Turbo forum" if this topic was left untouched because some people like to get offended by the concept of monetary value and any debating of that topic.

I have noticed a tendency of a "holy few" to gun down these threads whenever they appear.
To me, it looks like teenage bullying and displays extremely poor style.

[klefroid]

Don't forget the Asian marked opening soon, that will result in higher prices for iconic classic cars... A lot of potential buyers in China if you ask me.

[pkabush]

Originally Posted by cover

Then read another thread which better suits your preferences.

The rising popularity, -public awareness and following gain in market value is the definitively most significant thing about the 930 at the moment..........IMHO of course.

It would be a strange "Porsche 911 Turbo forum" if this topic was left untouched because some people like to get offended by the concept of monetary value and any debating of that topic.

I have noticed a tendency of a "holy few" to gun down these threads whenever they appear.
To me, it looks like teenage bullying and displays extremely poor style.

Although I'm 53 I will admit to having the sense of humor of a teenager but, HTF is voicing my opinion "teenage bullying" ? Or bullying of any sort ???
If people are interested in "following gain in public market value" there's a forum specifically for that.
I'm glad your noticing a tendency of the people here gunning down these threads whenever they appear. They don't belong here.
However, we're not the "holy few". The vast majority of folks who participate here on a regular basis are more interested in how we can enhance our cars not how much there appreciating. Like it or not this aint a q-tip crowd. I'll always voice my opinion on the subject because I'd like to see this forum stay focused on mods instead of dollars.

[krasuskyp]

not exactly sure how pointing out that THERE IS A SPECIFIC FORUM SECTION DEVOTED TO THIS TOPIC Porsche Marketplace Discussion - Pelican Parts Technical BBS is considered "bullying" whatsoever, nor how there are any "holy few"?

confuzored.

things that make ya go hmmmmmm...